Updated May 12, 2025
MK Freshwater Holdings Purchases Industrial Property From Ck Loti For $2.4M In West Palm Beach
2605 Old Okeechobee Road
$2,400,000
$320/SF
Building Size
7,500 SF
Asset Type
Industrial
Closing
Apr 29, 2025
About this deal
AI
The industrial property located at 2605 Old Okeechobee Road in West Palm Beach has been sold for a price of $2,400,000. The total area of the property is 7,500 square feet, resulting in a price per square foot of $320.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,400,000
- Buyer: MK Freshwater Holdings - Mark and Katie Freshwater
- Seller: Ck loti - Clifford Miller
- Broker: Matthew Demetrius - Panther Capital Group
The transaction was facilitated by broker Matthew Demetrius, representing Panther Capital Group. For industrial opportunities, he emphasizes commitment to delivering strategic solutions and achieving results that exceed client expectations.
On the Map
$2,400,000
$320/SF
Industrial
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West Palm Beach Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93